The exchange rate for a dollar to naira at Lagos Parallel Market (Black Market) players buy a dollar for N1160 and sell at N1170 on Friday, 20th October 2023, according to sources at Bureau De Change (BDC).
Please note that the Central Bank of Nigeria (CBN) does not recognize the parallel market (black market), as it has directed individuals who want to engage in Forex to approach their respective banks.
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | N1160 |
Selling Rate | N1170 |
Dollar to Naira (USD to NGN) | Black Market Exchange Rate Today |
Buying Rate | 881 |
Selling Rate | 882 |
The Manufacturers Association of Nigeria (MAN) has warned the Federal government against its decision to lift the ban on foreign exchange restrictions on 43 items placed by the Central Bank of Nigeria (CBN).
The Vice Chairman of Basic Metal, Iron and Steel Products sector of the Manufacturers Association of Nigeria (MAN), Lekan Adewoye cautioned the federal government to reverse its decision in order to save the nation from looming job crisis, insecurity and outright collapse of the nation’s economy.
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